Reiterating Our Palantir Rating as AIPCon 9 Gets Underway

Palantir's AIPCon AI Conference

Today is one of those days that we look forward to from Portfolio holding Palantir (PLTR) . The company is holding its latest AIPCon event.

This is the ninth such AIPCon event, and it includes customer presentations from the U.S. Department of the Navy, World View, Moder, SAP (SAP) , Accenture (ACN) , GE Aerospace (GE) , and others. Typically, these events are showcases for not only Palantir’s capabilities, but for customers to discuss productivity improvements, streamlined operations and other savings from partnering with Palantir.

And while some of this tends to be a "rah-rah session," during the presentations, companies from time to time let other details slip that help us think about contract values and timetables for Palantir. To us, that makes these events more of a showcase for how Palantir’s platforms work and the benefits they deliver, but also for how other companies should be thinking about their own AI adoption and usage — as well as the needed tools and platforms to help them maximize those benefits.

Palantir Shares

Palantir shares have rallied nicely off their recent lows near $129, but we still see sufficient upside ahead to maintain our One rating. Coming off today’s events, we would not be surprised to see some Wall Street analysts who dialed back their PLTR targets revisit them with an upward bias.

With that in mind, PLTR shares will face some technical resistance ahead near $163 and $168, and we would also not be surprised to see short-term-minded traders lock in some gains as the stock encroaches on those levels.

We’re playing the longer game with Palantir as the company continues to benefit from AI adoption and usage in both the commercial and government markets, in the U.S. and outside of it.

Palantir Announcements

Ahead of the event, several announcements were made:

With GE Aerospace, Palantir announced a multi-year expansion of their existing deal to use artificial intelligence for military aircraft, including the deployment of advanced agentic AI-powered solutions across various parts of supply chain functions that will allow GE to maximize production and keep aircraft mission-ready.

With Nvidia (NVDA) , Palantir is working to deliver a sovereign AI operating system reference architecture that provides customers with a complete AI data center from hardware procurement to application deployment. Given the timing, we could hear Nvidia CEO Jensen Huang talk more about this during his GTC 2026 keynote next week.

Centrus Energy (LEU) announced it is working with Palantir to apply Palantir's AI-driven software tools to support Centrus' multi-billion-dollar expansion of its uranium enrichment capacity. The two have reportedly already identified nearly $300 million in potential cost savings and efficiencies, and other improvements have been identified that are expected to reduce manufacturing lead times and accelerate the timetable for bringing new uranium enrichment capacity online.

At the time of publication, TheStreet Pro Portfolio was long PLTR, and NVDA.